Forbes: The Rangers Are Worth $750 Million

Forbes just released its annual valuation of all 30 NHL teams, which, in the middle of a lockout, is just delightful information to behold. The takeaway is that — as tends to be the case — the league's most valuable teams are worth much, much more than the rest of the NHL. The league's income has increased significantly year-to-year, but that reflects the financial success of just a few extremely profitable teams while almost half the league is losing money.

Of note: The Rangers are part of that extremely profitable, valuable minority. They, along with the Canadiens and Maple Leafs, accounted for 83 percent of the league's income last season. At over $1 billion, Toronto is the league's richest franchise by a long shot, but the Rangers' second-place value of $750 million puts them well above the third-place Canadiens ($575 million). Forbes attributes New York's value — up 48 percent from last year — to the multi-stage renovations going on in Madison Square Garden. Meanwhile, the Devils are nineteenth at $205 million, and the travelin' Islanders are down near the bottom at $155 million.